Vesta Insurance Group Looks
Outside Firm for a New President

BIRMINGHAM, Ala. -- Vesta Insurance Group Inc. said it plans to bring in a new president and chief executive officer from outside the troubled company, probably in early 1999.

The property and casualty insurer's hiring plans, disclosed in a Securities and Exchange Commission filing Thursday, are part of a previously announced agreement with Alfa Insurance Group. The two companies have said that Alfa, based in Montgomery, Ala., intends...